By Clive Ong
SINGAPORE (ICIS)--Asia acrylonitrile-butadiene-styrene (ABS) prices were higher this week as suppliers raised offers but the long-term outlook is bearish amid lacklustre end-user demand, traders said on Wednesday.
Offers of major brands were up by some $20-30/tonne this week on the back of buoyant feedstock styrene monomer (SM) prices.
SM prices rose to the mid $1,700s/tonne (€1,275/tonne) CFR (cost & freight) China amid tight availability, prompting ABS makers to revise offers higher.more >>
INSIGHT: Polyolefins producers scrabble for answers
“As commodity grade polyolefins markets become harder going higher-cost producers are increasingly shifting up the value chain.” more
Asian Chemical Connections